VA Seeks Input on Updating Virginia Home Loan Paperwork
Published Date: 1/8/2026
Notice
Summary
The VA wants your thoughts on updating forms used when buying homes in Virginia with VA loans. If you’re a homebuyer or seller involved in these deals, this could affect you by possibly changing paperwork and how long it takes. You’ve got until March 9, 2026, to share your ideas—no money changes yet, just a chance to help shape the process!
Analyzed Economic Effects
2 provisions identified: 1 benefits, 1 costs, 0 mixed.
Forms Needed To Approve VA Offers
The VA says VA Form 26-6705 (Offer to Purchase and Contract of Sale), VA Form 26-6705b (Credit Statement of Prospective Purchaser), and VA Form 26-6705d (Addendum to Offer to Purchase — Virginia) are required so the VA can determine the best offer, highest net return/cash equivalent value, assess a buyer's creditworthiness, and obtain state-law acknowledgements needed to accept offers and close sales of VA-acquired properties.
Updated VA Virginia Home Forms Add Time
If you respond to the VA's revised Virginia home-sale forms, the agency estimates 38,040 respondents annually with an average burden of 7.91 minutes per response and a total estimated annual burden of 4,572 hours. You can submit comments on these collections through regulations.gov by March 9, 2026; the OMB Control Number is 2900-0029.
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